Is MillerKnoll (MLKN) overvalued or fairly valued?

MarketChacha shows MillerKnoll's valuation in context — a trailing P/E of about 29.0, a forward P/E of about 9.7, a price-to-book of about 1.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does MillerKnoll's reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (5.16×) from reported figures — education, not a rating.

What is MillerKnoll's revenue?

MillerKnoll reported revenue of $3.8B for FY2026, with net profit of $91.5M, per official filings.

What is the share price of MillerKnoll (MLKN)?

MillerKnoll last traded at $22.92 (+2.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

MillerKnoll

MLKN · NYSE · Industrials · United States

Snapshot

TickerMLKN

ExchangeNYSE

SectorIndustrials

IndustryFurnishings, Fixtures & Appliances

CountryUnited States

Employees10,544

HeadquartersZeeland, United States

Websitewww.millerknoll.com

Filings tracked17

About MillerKnoll

MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Global Retail segments. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services; and casegoods, storage products, and acoustic products and related services, as well as residential, education, and healthcare furniture solutions. It offers its products under the MillerKnoll, Herman Miller, Knoll, Maharam, Geiger, Design Within Reach, HAY, NaughtOne, Colebrook Bosson Saunders, Holly Hunt, Muuto, FilzFelt, Edelman, Spinneybeck, and KnollTextiles brand names. The company offers its products through independent contract furniture dealers, direct contract sales, owned and independent retailers, direct-mail catalogs, and e-commerce platforms. Its products are used in institutional, health/science, industrial and educational settings, and residential and other environments. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.

Who owns it

Insiders4.7%
Institutions95.3%
Public & other0.0%

334 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.15%
Vanguard Portfolio Management LLC7.51%
Dimensional Fund Advisors LP5.20%
Vanguard Capital Management LLC4.47%
Pzena Investment Management LLC4.41%
Fuller & Thaler Asset Management Inc.4.16%
State Street Corporation4.03%
Deprince, Race & Zollo, Inc.3.84%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 6.8% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion5.16×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend1.0% → 2.4%

Margin has expanded by about 1.4 points — the business is getting more profitable.

Return on equity6.8%

Latest ROE of 6.8% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -2% · PAT 30%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.0B · EPS 0.46

Est. earnings growth +6.4%

Next fiscal year

Rev $4.2B · EPS 2.37

Est. earnings growth +17.4%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$3.8B

Net margin

2.4%

ROE

6.8%

Revenue CAGR (3y)

-2.0%

Profit CAGR (3y)

+29.5%

EPS (FY2026)

1.32

Net profit (FY2026)

$91.5M

Ask MarketChacha about MLKN

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$3.8B	$91.5M	1.32	2.4%	6.8%
FY2025	$3.7B	$-36.9M	-0.54	-1.0%	-2.9%
FY2024	$3.6B	$82.3M	1.11	2.3%	5.9%
FY2023	$4.1B	$42.1M	0.55	1.0%	2.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$926.6M	$23.5M	0.34	2.5%
2025Q4	$955.2M	$24.2M	0.35	2.5%
2025Q3	$955.7M	$20.2M	0.29	2.1%
2025Q1	$876.2M	$-12.7M	-0.19	-1.4%
2024Q4	$970.4M	$34.1M	0.49	3.5%
2024Q3	$861.5M	$-1.2M	-0.02	-0.1%
2024Q1	$872.3M	$22.2M	0.30	2.5%
2023Q4	$949.5M	$33.5M	0.45	3.5%
2023Q3	$917.7M	$16.7M	0.22	1.8%
2023Q1	$984.7M	$400,000	0.01	0.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Bylaw/charter change, Exhibits
SEC7/20/2026material
10-K filing
SEC7/20/2026
8-K — Results of operations, Exhibits
SEC6/24/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC6/3/2026material
10-Q filing
SEC3/30/2026
8-K — Results of operations, Exhibits
SEC3/25/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC2/11/2026material
8-K — Executive/director change, Exhibits
SEC1/16/2026material
10-Q filing
SEC1/5/2026

2025

8-K — Results of operations, Exhibits
SEC12/17/2025material
8-K — Executive/director change, Exhibits
SEC10/20/2025material
8-K — Executive/director change, Shareholder vote results
SEC10/14/2025material
10-Q filing
SEC9/29/2025
8-K — Results of operations, Exhibits
SEC9/23/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC9/12/2025material
8-K — Executive/director change, Other events, Exhibits
SEC9/5/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC8/11/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.